Sustainable Fashion Market size was valued at USD 7.45 Bn. in 2023 and the total Sustainable Fashion revenue is expected to grow by 8.2 % from 2024 to 2030, reaching nearly USD 12.94 Bn.
What is Sustainable Fashion Market scope ?
The report provides a comprehensive overview of the sustainable fashion market, which was valued at USD 7.45 billion in 2023. It is projected to grow at a robust CAGR of 8.2% from 2024 to 2030, reaching an estimated USD 12.94 billion. The market’s growth is driven by increasing consumer awareness about the environmental and social impacts of fashion, coupled with innovations in sustainable practices.
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Sustainable Fashion Market Trends?
The sustainable fashion market is characterized by a surge in demand for eco-friendly and ethically produced clothing. Consumers are increasingly prioritizing sustainability, prompting major brands like Patagonia and Adidas to innovate with recycled materials and extended product lifecycles. Patagonia’s “Worn Wear” program and Adidas’s collaboration with Parley for the Oceans exemplify the industry’s shift towards reducing waste and utilizing sustainable materials.
What are Sustainable Fashion Market Dynamics ?
Drivers
The market’s growth is fueled by trends such as the rise of second-hand clothing, rental services, and repair and upcycling initiatives. The younger generation’s climate consciousness and initiatives like the UN Fashion Industry Charter for Climate Action are driving these trends. Brands are also adopting circular business models to enhance sustainability.
Restraints
Challenges facing the market include escalating costs of raw materials, technological gaps in recycling processes, and labor issues. The difficulty in sourcing sustainable materials and the premium price of eco-friendly fashion pose additional obstacles.
Opportunities
Opportunities in the market include the development of innovative materials like banana fibers and recycled PET bottles, and the growth of circular business models. Sustainable practices such as zero-waste fashion and local sourcing are also gaining traction.
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How is the Europe region of India Expected to grow ?
Europe is fast growing region in Sustainable Fashion Market with its established fashion industry and stringent environmental regulations, continues to champion sustainable fashion, led by countries like Germany and France. The Asia-Pacific (APAC) region is increasingly recognizing the importance of sustainable fashion. Countries such as Japan and Australia are paving the way for eco-friendly practices. South America, although emerging, faces infrastructural challenges but is making strides in sustainable textiles. The Middle East and Africa are slowly embracing sustainable fashion, mainly through organic textiles and ethical practices, aided by a growing awareness of environmental issues.
what is the expected growth of by type segmentation ?
In the Sustainable Fashion Market, different product categories are experiencing varied levels of growth and adoption. Clothing remains the dominant segment, holding a 48% market share in 2023, and is expected to maintain its leading position throughout the forecast period. Consumers are increasingly seeking eco-friendly and ethical clothing options, driving significant growth across all clothing categories, from everyday wear to formal and sportswear. Footwear is another rapidly growing segment, particularly in athletic and casual categories, where innovations such as recycled rubber and sustainable leather alternatives are gaining traction. Accessories, including bags, belts, and jewelry, are also witnessing a rise in sustainable options as consumers look to make ethical fashion statements across all facets of their wardrobe. Lastly, Textiles play a crucial role in the sustainable fashion supply chain, being used not only in clothing but also in home furnishings and interior design, offering versatile and eco-conscious alternatives. Together, these segments highlight the broad and growing scope of the sustainable fashion industry
by Product Type
Clothing
Footwear
Accessories
Textiles
What is Sustainable Fashion Market Segmentation
by Product Type
Clothing
Footwear
Accessories
Textiles
by Product
Nature Organic
Man-Made/Regenerated
Recycled
Natural
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What are the key Players for Sustainable Fashion Market
North America
1. Allbirds
2. Amour Vert
3. Eileen Fisher Inc
4. Everlane
5. Mara Hoffman
6. Patagonia Inc
7. Reformation
8. Macy’s
Europe
9. ArmedAngels
10. ASOS Eco
11. Mud Jeans
12. Nudie Jeans
13. People Tree
14. Veja
15. wunderwerk
16. Zara
Key Offerings:
- Past Market Size and Competitive Landscape
- Sustainable Fashion Market Size, Share, Size & Forecast by different segment
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Sustainable Fashion Market Segmentation – A detailed analysis by Product
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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